A number of stocks fell in the afternoon session after hot April CPI sent Treasury yields higher, eliminating 2026 rate-cut hopes, a direct headwind for high-multiple growth stocks.
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A number of stocks fell in the afternoon session after hot April CPI sent Treasury yields higher, eliminating 2026 rate-cut hopes, a direct headwind for high-multiple growth stocks.
The S&P 500 Index ($SPX ) (SPY ) today is down -1.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.96%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.64%. June E-mini S&P futures (ESM26 ) are down -1.07%, and June E-mini Nasdaq futures...
Every spring, Wall Street recycles its favorite piece of advice: “Sell in May and go away.” It’s tidy, it rhymes, and for a lot of traders, it’s gospel. But here’s what it leaves out — the actual data. And right now, the data is telling a very different story. The “sell in May” rule was born in a slower era, when summer trading volumes dropped, desks sat empty, and the broad indexes drifted. That market no longer exists. Today’s market moves in sectors, rotates aggressively, and doesn’t wait for
Semiconductor equipment vendor KLA beat estimates for its fiscal third quarter and with its outlook for fiscal Q4. But KLAC stock fell.